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S&P: Philippine war relief measures may dampen bank profitability.

[Hong Kong Stocks Close: Hang Seng Index Up 1.722%, Hang Seng Tech Index Up 3.671%] ⑴ The Hang Seng Index rose 1.722%, and the Hang Seng Tech Index rose 3.671%. ⑵ Kingdee International rose 9.563%, CATL rose 9.001%, Baidu Group-SW rose 7.686%, Haidilao rose 6.773%, New Oriental-S rose 6.743%, Alibaba-W rose 5.599%, and BYD rose 5.499%.

Switzerland plans to tighten restrictions on foreign ownership of property in the country to address a growing housing shortage. This comes as the country prepares to hold a referendum on a population cap of 10 million. The Swiss Federal Council will launch a public consultation on the new restrictions: under the new rules, citizens of non-EU/EFTA countries will need permission to purchase a home in Switzerland. Public comments on the proposal will be open until July 15th.

[Israeli and Lebanese Leaders to Hold Talks on Thursday] ⑴ Israeli Minister Gila Gamliel stated in a radio interview that Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun will hold talks on Thursday, following ambassadorial-level talks between the two countries earlier this week in the United States. ⑵ Gamliel told Army Radio that the two leaders will engage in dialogue after years of no contact. This confirms earlier statements by US President Trump.

[EU Drafts Plan to Address Aviation Fuel Shortage] ⑴ According to reports, EU officials stated that the EU is drafting a plan to address the impending aviation fuel shortage and maximize refinery output. ⑵ European airlines have warned of potential aviation fuel shortages within weeks due to the conflict with Iran, disrupting pre-summer flight schedules. ⑶ Europe is more dependent on aviation fuel imports than other transport fuels, with approximately 75% coming from the Middle East. ⑷ A draft indicates that starting next month, the European Commission will release a map covering the entire EU's petroleum refining capacity and take measures to "ensure that existing refining capacity is fully utilized and maintained." ⑸ Officials familiar with the proposals stated that the EU is also developing measures for aviation fuel supply, but these measures are still being refined.

UBS raises its target price for ASML from €1,500 to €1,600.